According to reports, the Central Electricity Regulatory Commission is considering extending the ‘REC scheme’ to rooftop solar power plants, the Chairman of the Commission, Dr Pramod Deo, said today.
RECs are generation-based ‘certificates’ awarded (electronically, in demat form) to those who generate electricity from renewable sources such as wind, biomass, hydro and solar, if they opt not to sell the electricity at a preferentially higher tariff.
These certificates are trade-able on the exchanges and are bought by ‘obligated entities’, who are either specified consumers or electricity distribution companies.
These obligated entities may either required to purchase a certain quantum of either green power or RECs.
Today, the solar industry is kicked up about the prospects of putting up plants on rooftops – a model pioneered and perfected by Germany.
Rooftop is going to be the “big thing” in the Indian solar industry.
Speaking on the subject, Mr Pasupathy Gopalan, Managing Director, SunEdison India, said that rooftops do completely avoid transmission and distribution losses.
He said that SunEdison had recently completed a 1 MW project in Gujarat, whose uniqueness was that the entire plant was put up on a structure erected over a canal, for a stretch of one km.
Rooftops players are, therefore, keen to know if their projects would also be eligible for RECs.